Connect with us

Hi, what are you looking for?

Forex

Events to Look Out For Next Week

Published

Trading activity could gear up quickly to begin the abbreviated week with the key question still being how much further policymakers will have to boost rates. The inflation figures out of US are in the spotlight since an as-expected reading for December CPI figures would result in a pullback in the y/y headline rise to 6.5% from 7.1%, implying a cooling of inflation. For the UK, monthly GDP figure is in focus.

Have a look at the most important events of the coming days in our usual weekly publication.

Monday – 09 January 2023

Consumer Price Inflation (JPY, GMT 23:30) – Tokyo inflation for December is expected to rise further at 4.5% m/m as both Energy and Food CPI could rise further. Overall household Spending is seen at 3.1% y/y from 1.2% y/y in November.

Tuesday – 10 January 2023

BOC Governor Macklem, BOJ Governor Kuroda and Fed Chair Powell Speeches.

Wednesday – 11 January 2023

Consumer Price Inflation & Retail Sales (AUD, GMT 00:30) – Inflation for Q4 is expected to cool a bit to 7% from 7.3% q/q while Retail Sales for November are anticipated to rise to 0.7% from contraction at -0.2%.

Thursday – 12 January 2023

Consumer Price Index (CNY, GMT 01:30) – The Chinese inflation expected to grow by 1.8% for the headline and contract at -0.1% for December. Consumer Price Index (USD, GMT 13:30) – The US inflation figures are forecasted unchanged for the headline and 0.3% for the core in December, following respective November gains of 0.1% and 0.2%. CPI gasoline prices look poised to fall -9% in December. We expect dissipating upward pressure on core prices into 2023 as disruptions from global supply chain bottlenecks and the war in Ukraine subside. As-expected December CPI figures would result in a pullback in the y/y headline rise to 6.5% from 7.1% in November, versus a 40-year high of 9.1% in June.

Friday – 13 January 2023

Industrial Production and Trade Balance (GBP, GMT 07:00) – For Q3 GDP growth was unexpectedly revised down to -0.3% q/q from -0.2% q/q reported initially. The annual rate was revised to 1.9% y/y from 2.4% y/y. The full breakdown flagged that the erosion of real disposable income has hit consumption. Gross fixed capital investment rose 1.1% q/q, but that that was much less than initially reported. Exports jumped and imports declined, which helped to prop up the overall number, but also flagged that the domestic economy is struggling. Industrial and ManufactuRing Production for November are expected to contract further at -0.3% and -0.2% respectively. Michigan Consumer Sentiment & New Home Sales (USD, GMT 15:00) – The preliminary Michigan sentiment report is expected to reveal a headline rise to 60.0 in January from 59.7, versus an all-time low of 50.0 in June, an 88.3 cycle-high in April of 2021, and an early-pandemic bottom of 71.8 in April of 2020. Current conditions should rebound to 60.0 from 59.4, versus an all-time low of 53.8 in June and a 97.2 cycle-high in April of 2021. Expectations should rise to 60.0 from 59.9 in December and a 5-month low of 55.6 in November, versus a 42-year low of 47.3 in July and an 83.5 cycle-high in June of 2021.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

In this article:

You May Also Like

Forex

The Midweek Update 01 March 2023

The new month sets off with an upbeat risk-on mood, as the dollar retreats below a monthly high. Dollar The greenback rolls into midweek...

March 1, 2023

Stock

My 2023 Stock Market Forecast

First of all, happy new year!!! I hope 2023 turns out to be a healthy and prosperous year for all!As we look back on...

January 1, 2023

Stock

The Ord Oracle January 24, 2023

SPX Monitoring Purposes: Long SPX on 12/20/22 at 3821.62.Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral.Yesterday we...

January 25, 2023

Forex

Meta：Q1 2023 Earnings Preview

Meta Platforms (formerly known as Facebook, Inc.) shall report its earnings result for Q1 2023 on 26th April (Wednesday), after market close. The technology...

April 23, 2023